In this article, we are going to discuss the 15 best nuclear power stocks to buy according to Wall Street analysts.
The US electricity demand soared to a record level last year, with data centers accounting for around 50% of the demand growth. As the global AI race continues its momentum and hyperscalers carry on pouring hundreds of billions of dollars into building out their infrastructure, the country’s power demand remains on track to reach even further highs in 2026 and 2027.
Nuclear energy has emerged as a key candidate to power this demand, since it is clean, reliable, and affordable. As a result, the sector is going through a renaissance in the United States, especially since President Trump signed an executive order last year to quadruple the country’s nuclear energy capacity by 2050.
Some key steps have been taken over the last year, including moving some next-generation reactor designs towards key tests with impressive speed, streamlining the licensing for new reactors, and reinforcing the local nuclear fuel supply to reduce reliance on imports. Moreover, several retired nuclear plants are slated to restart production, and a number of utilities are gearing up to boost the output of existing plants.
The sector has also received widespread attention from Silicon Valley itself. Several American tech giants have now signed multi-year deals with nuclear operators to ensure that they have enough clean energy available to power their advances in AI and meet their climate targets.
With that said, here are the Best Nuclear Energy Stocks to Buy According to Wall Street.
Photo by Frédéric Paulussen on Unsplash
Our Methodology
To collect data for this article, we scanned the top companies operating in the nuclear energy sector and shortlisted stocks with the highest upside potential according to Wall Street analysts, as of May 26, 2026. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. The following are the Best Nuclear Energy Stocks to Buy According to Analysts.
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15. Public Service Enterprise Group Incorporated (NYSE:PEG)
Upside Potential as of May 26: 11.15%
Public Service Enterprise Group Incorporated (NYSE:PEG) is a predominantly regulated energy company that engages in the provision of electric and gas services.
On May 21, Morgan Stanley lowered its price target on Public Service Enterprise Group Incorporated (NYSE:PEG) from $94 to $89, but maintained an ‘Overweight’ rating on the shares. The revised target, which still represents an upside of over 11% from the current levels, comes after the analyst firm adjusted its estimates for the North American Regulated & Diversified Utilities / IPPs group in April.
Morgan Stanley highlighted that the utilities sector surged by only 2% during the month, underperforming the 10.4% gains delivered by the overall S&P during the period.
The target comes despite Public Service Enterprise Group Incorporated (NYSE:PEG) exceeding estimates in its Q1 report earlier this month, helped by the extreme winter weather that lifted demand across its electric and gas businesses. The utility reaffirmed its full-year 2026 operating earnings guidance of $4.28 to $4.40 per share, indicating a 7% YoY growth at the midpoint (read more details here).
14. American Electric Power Company, Inc. (NASDAQ:AEP)
Upside Potential as of May 26: 11.54%
American Electric Power Company, Inc. (NASDAQ:AEP) is one of the nation’s largest electricity producers with approximately 29,000 megawatts of diverse generating capacity.
On May 21, Morgan Stanley analyst David Arcaro trimmed the firm’s price target on American Electric Power Company, Inc. (NASDAQ:AEP) from $136 to $129, but maintained an ‘Overweight’ rating on the shares. The revision comes after the analyst firm adjusted its price targets for the Regulated & Diversified Utilities / IPPs group in North America for April.
Morgan Stanley noted that the utilities surged by just 2% during the month, underperforming the 10.4% gains delivered by the overall S&P.
The lowered target comes despite American Electric Power Company, Inc. (NASDAQ:AEP) exceeding expectations in its Q1 2026 report earlier on May 5. The utility signed 7 GW of new large energy project agreements during the quarter, and its incremental load is expected to grow to 63 GW by 2030, with nearly 90% of it coming from data centers.
As a result, AEP raised its five-year capital investment plan by $6 billion to $78 billion, and also increased its expected long-term operating earnings CAGR to greater than 9%.
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